Thane man loses Rs 3.96 crore in online share trading fraud

THANE: A 48-year-old man from Maharashtra’s Thane was duped out of nearly Rs 3.96 crore through an online share trading fraud, officials said on Friday. The victim, who works as a senior manager in a private company, lost the money between May and October, they said.

In his police complaint, the man said he was approached by three persons — one Shankar Ramrakhiyanai, an administrator of a WhatsApp group claiming to be linked to a securities company, and a woman identified as Suraksha.

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